All Type of News
Warehouse rules for wholesalers to be eased
The Ministry of Health and Welfare is considering increasing the acceptability range of warehouse for local drug wholesalers, according to the Korea Pharmaceutical Wholesaler Association (KPWA).
Under the revised p...
HIRA to assess antibiotics usage for 15 operations from next year
The Health Insurance Review and Assessment Service (HIRA), an arm of the Health Ministry, has recently unveiled its plan to evaluate the antibiotics usage of hospitals and clinics nationwide over 15 operations, includ...
Park names new health ministerPresident Park Geun-hye on Oct. 25 tapped Korea Development Institute (KDI) researcher Moon Hyung-pyo to head the Ministry of Health and Welfare. Moon will need to undergo parl...
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Asian pharmaceutical industries seeking to forge multilateral partnership
Pharmaceutical manufacturers organizations in several Asian countries, including Korea, Japan, Taiwan and Thailand, are moving to work together to form an Asian pharmaceutical conference.
In a recent meeting in Jap...
KPA president vows to push new prescription plan
The Korean Pharmaceutical Association (KPA) is expected to push ahead with a new prescription plan, under which doctors will be required to prescribe the active pharmaceutical ingredients instead of the name of a spec...
Domestic wholesalers hit by low distribution margins
Korea’s wholesaling industry is now in financial crisis due to foreign invested drug firms’ thinner distribution margins and sluggish sales triggered by the government-mandated price cuts in April last year.
“Many ...
3 in 10 pharmacies favor small-packet drug unit system
28.4 percent of 19,687 pharmacies nationwide are affiliated with a drug small-packet unit system, which has been promoted by the Korean Pharmaceutical Association (KPA).
Last Thursday, the KPA said 5,601 pharmacies...
Uncertainty shrouds domestic pharmaceutical sector
Korea’s innovative drug firms are likely to suffer further setbacks as joint probe team raided the headquarters of the nation’s leading pharmaceutical company Daewoong Pharmaceutical Thursday to probe an allegation th...
KPMA mulls public hearing over cash reward system
The Korea Pharmaceutical Manufacturers Association (KPMA) is considering proposing a public hearing to the Ministry of Health and Welfare (MOHW) over the contentious cash reward system for doctors and pharmacists, acc...
Pharmacies struggle to beat competition
Pharmacies are struggling to stay afloat as they are losing money due to cutthroat competition in the industry.
Currently, retail conglomerates CJ, GS and Kolon have invested in drugstores and as a result, the numb...
